WhaleWatchersTrading
Panjang

Bitcoin: New Highs for a New Year!

BITSTAMP:BTCUSD   Bitcoin / Dolar
Hello,
There is an opportunity in Bitcoin             now. The uptrend still has great momentum. The drop in prices was reversed quickly, a long wick printed on the daily chart . This long wick was also coupled with heavy volume . As you can see that last time volume was that heavy, bitcoin             was at a local bottom. Price is also showing a flag pattern that retested a previously broken trend line . This pattern has broken out aggressively giving us a good buy signal.

Target is the inverse 1.618 extension .
The heavy volume tells me that large buyers bought this dip and will now begin pushing prices again.

Best of luck,
Alex            
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